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Comment for Proposed Rule 75 FR 3281

  • From: Keith Weinstock
    Organization(s):

    Comment No: 7006
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07006
    From:
    Sent:
    To:
    Cc:
    Subject:
    Keith Weinstock
    Friday, March 12, 2010 8:48 PM
    secretary
    [email protected]
    RIN 3038-AC61
    I am totally disgusted at this regulation to change the leverage limit to 10:1 with a margin requirement
    of $10,000.00!!!! Who is behind this titanic stupidity? This will not only erase any hope of the layman
    who trades to supplement his income utilizing proven and learned methods but you then become racist
    in the class of person who can afford this with your limited leverage and increased margin
    requirements! This then becomes a tool only for the wealthy and large brokerage firms, it must be that
    the average layman is becoming savvy and making money so someone has to destroy another hope to
    make a decent living trading for the average trader who can then become an excellent trader, the
    stupidity of this attempted change show exponential stupidity and a lack of concern for the general
    public. Please refuse this change as it will affect many who have worked hard to start from scratch and
    destroys the American Dream, please wake up to your FOOLISHNESS!!
    Keith Weinstock
    soon to be ex-Forex Trader
    if this is allowed.